Coinbase is transforming from a crypto exchange into a comprehensive financial platform while facing mounting pressure from traditional finance and emerging competitors. Despite securing Bitcoin ETF custody deals worth $43 million quarterly, the company remains vulnerable to crypto market volatility.
Brian Armstrong expressed unprecedented optimism about the Digital Asset Market Clarity Act passing after witnessing strong bipartisan Congressional support. The legislation aims to clarify regulatory roles between SEC, CFTC, and other agencies overseeing cryptocurrency markets.
XRP recovered 1.44% despite ongoing SEC legal uncertainty, as 83% odds for ETF approval by December 2025 and potential case resolution fuel trader optimism.
